the numbers game arithmetic review

... down the trail, worried about the storm Two in the group decide to keep going They laugh about the “quitters,” and boast that the storm will not hold them back These two let their egos make their ... simply lack the skills necessary to their jobs properly Therefore, it is important to evaluate numbers before accepting them as truth Ask questions about how the information was gathered, what ... find this plate at other auctions and antique stores for about $50 so they probably set a limit, even if only in their minds, to the price they are willing to pay for it Then, the bidding begins...

Ngày tải lên: 02/11/2013, 17:20

... play the financial numbers game seek certain desired real outcomes REWARDS OF THE GAME Expected rewards earned by those who play the financial numbers game may be many and varied Often the desired ... Street’s questions about the company’s performance.11 Every one of the above examples entails, in one form or another, participation in the financial numbers game The game itself has many different ... Financial Numbers Game • Given the various creative accounting practices that can be used to play the financial numbers game, a classification scheme was devised to facilitate their discovery The scheme...

Ngày tải lên: 13/12/2013, 11:32

... play the financial numbers game seek certain desired real outcomes REWARDS OF THE GAME Expected rewards earned by those who play the financial numbers game may be many and varied Often the desired ... Street’s questions about the company’s performance.11 Every one of the above examples entails, in one form or another, participation in the financial numbers game The game itself has many different ... Financial Numbers Game • Given the various creative accounting practices that can be used to play the financial numbers game, a classification scheme was devised to facilitate their discovery The scheme...

Ngày tải lên: 14/08/2014, 12:21

... other accounting irregularities The ensuing investigation resulted in the termination of the com43 THE FINANCIAL NUMBERS GAME pany’s former Chairman and CEO, Chan M Desaigoudar, and several other ... same amount In its 1998 annual report, the company provided the following disclosure of the restatement: In connection with the review by the Staff of the Securities and Exchange Commission of ... advisors to examine these matters Over the course of the next several months, the Task Force and Audit Committee examined these issues in detail Ultimately, the company determined that the errors primarily...

Ngày tải lên: 14/08/2014, 12:21

... Financial Accounting Theory, p 296 58 The Wall Street Journal, November 21, 2000, p A3 91 THE FINANCIAL NUMBERS GAME 59 Levitt, The Numbers Game, ” p 60 The SEC has provided guidance in the area of restructuring ... responsibility and the new diligence being shown by the SEC to address many of the 93 THE FINANCIAL NUMBERS GAME creative accounting practices being reported on here, a review of the problems the SEC sees ... is the assumption that, in the absence of income smoothing, the market might overestimate the firm’s risk and undervalue its shares In each of the above cases, there is the prospect that the...

Ngày tải lên: 14/08/2014, 12:21

... on the views of financial professionals about the financial numbers game, how the game is played and might be detected, and whether and under what circumstances it might be considered to be either ... Levitt, is the focal point of the letter The thrust of Mr Levitt’s views is that the numbers game has gone too far and that some companies are abusing the legitimate flexibility in the application ... 129 Team-Fly® THE FINANCIAL NUMBERS GAME The 20 earnings management techniques that the respondents were asked to classify are provided in Exhibit 5.2 A review of the listing in the exhibit will...

Ngày tải lên: 14/08/2014, 12:21

... receive on the loans above the amounts funded on the loans over (2) the present value of the interest they had agreed to pay the buyers of the loan-backed securities When properly executed, there ... (AAER) for the indicated date 173 THE FINANCIAL NUMBERS GAME Interestingly, as seen in the exhibit, most of the companies with side agreements were in the software industry It is unclear why the practice ... Cambridge then paid the related company the $737,349 and took delivery of the $48,640 in goods purchased The related company paid $600,000 to the trading company, which used the money to pay for the...

Ngày tải lên: 14/08/2014, 12:21

... principally by the straight-line method over the useful lives of the various assets.10 203 THE FINANCIAL NUMBERS GAME The company records property, plant, and equipment at cost and then employs the straight-line ... labeling them as something other than what they are 207 THE FINANCIAL NUMBERS GAME Another item for which there is clarity in terms of capitalization policies is capitalized interest Nonetheless, ... acquisition costs equal to the difference between the fair value of the Company’s common stock on the date the warrants are issued and the exercise price of the warrants of $0.01 The amount of deferred...

Ngày tải lên: 14/08/2014, 12:21

... Team-Fly® THE FINANCIAL NUMBERS GAME On some occasions, companies that play the financial numbers game will overstate the value of assets received for the issue of stock While bypassing the income ... inventory to the actual rate experienced by the Company of 1.1% to 0.3%.38 In other words, early in the year the company estimated the year’s inflation rate to be 1.1% for 1999, and by the end of the ... problems The company’s revenue and receivable figures for the years leading up to 2000 provide some insight into the problem Consider the figures reported in Exhibit 8.2 243 THE FINANCIAL NUMBERS GAME...

Ngày tải lên: 14/08/2014, 12:21

... interested in the earnings effects of the changes for the year of the change That is, what is the effect of the change on income from continuing operations for the year of the change? Also, in the case ... standard-setting process The cumulative-effect method is the most common, and it includes the cumulative effect of the switch to the new method in the income statement for the year of the change This ... highlighted in the income statement because the cumulative effect of the change is disclosed separately in the statement The cumulative adjustment represents the effect of the new policy on the earnings...

Ngày tải lên: 14/08/2014, 12:21

... items, the scope of Corning’s restatement is rather limited The range of adjustments made to GAAP net income is greater in the case of some of the other pro-forma measures of performance These ... computation of these pro-forma measures is considered along with their motivation, characterization, and disclosure Their role in the financial numbers game is also explored RECASTING THE BOTTOM ... results.42 The Amazon.Com pro-forma measures are not showcased in the 10-K report, for the year ending December 31, 2000, to the extent that they are in the 2001 interim earnings releases The high...

Ngày tải lên: 14/08/2014, 12:21

... granted, the issuing company receives a tax deduction for the difference between the exercise price and market price of the options on the date they are exercised That deduction times the tax ... additional paid-in capital on the statement of shareholders’ equity 363 THE FINANCIAL NUMBERS GAME Cash Flow from the Purchase and Sale of Trading Securities For the most part, the purchase and sale ... of the adjusted cash flow–to–income ratio for the years ended December 31, 1994 to 1999 The amounts presented exclude the effects of the company’s recent restatement In examining the exhibit, the...

Ngày tải lên: 14/08/2014, 12:21

... women worked in the communications sector Twenty years later, though the number of men remained unchanged, the number of women rose to 550 000 A similar situation was seen in the wholesale and ... to 450 000 by 1995 The number of men grew only marginally from 425 000 to 480 000 over the same period In defence, the number of men declined from 225 000 to 200 000, while the number of women ... retail trade sector, where the number of women rose from about 550 000 in 1975 to almost 800 000 two decades later The number of men in this sector remained stable over the period, at around 700...

Ngày tải lên: 04/10/2012, 10:02

... will promote and advertise preparations for the Asian Games on the radio and TV -volunteers - an official song We will recruit volunteers to serve the Games and hold competition to choose an official ... official song LUCKY NUMBER *Some connectors Then Next First of all and so Finally One more thing is that Moreover Further To prepare for the coming Asian Games , we have a lot of things to First ... parks The national Sports centers and local stadiums are not in good condition so we will upgrade them And We will widen training areas and roads to sports buildings Then we have to equip all the...

Ngày tải lên: 23/06/2013, 01:26

Ngày tải lên: 06/08/2013, 01:26

Ngày tải lên: 06/09/2013, 01:10

... of the numbers: |6| Ϫ |Ϫ2| ϭ Ϫ ϭ Then apply the sign of the larger number: The answer is ϩ Ϫ12 First subtract the absolute values of the numbers: |Ϫ12| Ϫ |7| ϭ 12 Ϫ ϭ Then apply the sign of the ... The common multiples of two or more numbers are the multiples that the numbers have in common The least common multiple of two or more numbers is the smallest of all the common multiples The ... Mode To find the average, or mean, of a set of numbers, add all of the numbers together and divide by the quantity of numbers in the set mean ϭ sum of numbers in set ᎏᎏᎏ quantity of numbers in...

Ngày tải lên: 02/11/2013, 18:20

... 100-Gigabit Ethernet without making significant changes to beginning, but the registration and use will have a 100-meter distance limitation the structure of the model.” The newest of the model is ... providing these individuals’ answers to the questions posed, they had the option of answering or not answering any question Also, when more than one individual answered a question the same or ... 10GBase-T NICs are currently about the same price as 10GBase-SR, as they have just been introduced and have low volume It is expected that by 2009 the relative cost between The size of a Category 6A cable,...

Ngày tải lên: 10/12/2013, 19:15

Ngày tải lên: 24/01/2014, 20:20

... and the debt management objective of the minimisation of cost of borrowings of the Centre and the States on the other Further, the issue of the sharing of the cost of small savings collections ... asymmetry between the effective interest rates to the States and the Centre and the difference between the cost to the NSSF and the States In view of the continued asymmetry in the average rate ... Comprehensive Review of NSSF b to review the existing terms of the loans extended from the NSSF to the Centre and States and recommend on the changes required in the arrangement of lending the net...

Ngày tải lên: 16/02/2014, 10:20